Questex to take control of NYU International Hospitality Industry Investment Conference after June 2023 edition

US-based event and information services company, Questex, has announced an agreement to assume management control of the NYU International Hospitality Industry Investment Conference, expanding its global hospitality portfolio. The news was announced at the International Hospitality Investment Forum (IHIF) in Berlin earlier this morning. Questex takes over the running of the conference from  NYU School of Professional Studies (NYU SPS) starting with the 2024 edition. The company did not release details of the amount of the transaction. The 45^th annual NYU International Hospitality Industry Investment Conference will go ahead under the old management 4-6 June, 2023, at the New York Marriott Marquis.  The conference complements Questex’s International Hospitality Investment Forum, which connects capital with real estate and operators annually in Berlin, Germany. It also fits well with The Hospitality Show, a new innovative hospitality event to bring together industry leaders and procurement specialists from across the hospitality spectrum, created in collaboration with the American Hotel & Lodging Association (AHLA). The Questex Hospitality Portfolio is led by Alexi Khajavi, group president hospitality, wellness and travel. The NYU International Hospitality Industry Investment Conference will become part of the Operational Real Estate Market. The coming together of these events under one portfolio reflects the importance of cross-border hospitality investment and the benefits of combining Questex’s marketing and database platform with NYU SPS Jonathan M. Tisch Center of Hospitality’s industry expertise and research to deliver information and connections to a global audience of senior level decision makers in hospitality investment, development and operations. The global hospitality industry is a $4.8 trillion market and is expected to grow by over 10% annually to reach $6.8 trillion by 2026, according to Questex. Operators across these businesses share similar needs around information, products, and solutions, which offers Questex an opportunity to scale for growth while serving each of the sub-markets including bars and restaurants, spas, salons and hotel management with sector-specific research, insights, and connections. For NYU, the proceeds from the agreement will help fund student scholarships at the NYU SPS Jonathan M. Tisch Center of Hospitality and further support the programme’s mission of educating and preparing future leaders and innovators for careers in global hospitality management, travel, and tourism. Paul Miller, CEO, Questex, said: “Questex’s experience, proprietary data, and deep relationships across the ecosystem – from investors, owners, developers, advisors, c-suite, decision-makers, and industry partners – allows buyers to conduct business with unprecedented ease, effectiveness, and speed.” Jonathan M. Tisch, executive chairman of Loews Hotels & Co., and chair of the NYU Conference, added: “Questex’s investment in the NYU International Hotel Industry Investment Conference speaks to the valuable forum we have created over the last 45 years and is testament to the strength and resiliency in travel and hospitality and in New York City itself. The partnership moving forward will undoubtedly deliver enhanced information, innovation and inspiration to conference attendees and students alike.” For more information on Questex, visit questex.com.